Remember demonetization woes, where wives (mostly) lost wads of notes stashed away secretly from prying eyes? Well, had they known the advantages of Cryptocurrency trading, immaterial of when and who changed a policy their booty would always stay safe.
There are other umpteen benefits not highlighted anywhere either in newspapers or the internet. Many of them gain importance due to cryptocurrency local problems not discussed in public areas (though governments do it clandestinely, denying its citizens to gain in similar ways). We will see them one by one arranged not within an orderly fashion.
Better compared to infamous Hawala Deals
Imagine you’re selling a residence for a huge sum and investing section of it’s in buying another property. Legally speaking, if you invest the entire amount earned you spend zero tax, but imagine if the brand new property cost only half just as much? Neither can you place it in
A bank (as all transactions are questionable)
Nor hide at home (as a theft is obviously a possibility),
Nor bring it along when traveling (if an authority searches for some reason, you won’t be able to explain and it is going to be forfeited).
Obviously, you try sending that amount elsewhere using the infamous method titled above, what else would you do? At the absolute most, you are able to distribute the surplus amongst your nearest and dearest, close relatives, and friends, but again, the risk of these not returning is grave.
An Exemplary Investment Tool such as a SIP- Systematic Investment Plan
Speculation is a century-old tradition which involves risk, and many derive satisfaction indulging in it. Trading in stocks is one option and those who can enjoy with safe margins usually benefit.
Cryptocurrency, for instance, Bitcoin is divisible to the eighth decimal point. That means the littlest unit of Bitcoin, called a Satoshi, is 0.00000001 Bitcoin.
You can buy any dollar level of Bitcoin you want. In a way, it is simple to but in bits and parts as and when you have an opportunity of putting away some of one’s hard-earned cash.
Agreed that like stock markets, even the Cryptocurrency value can fluctuate tremendously, but when you play safe then its be good to have a go at it.
Decentralized means you’re safe from any organization’s poor show
Cryptocurrency like Bitcoin is managed by its network, and not anybody central authority. In simple terms, what this means is even the presence of the erstwhile crook Harshad Mehta, who destroyed the Indian Bourses, cannot put your investment in jeopardy. Your cash is in safe hands, always.
Safe International Transactions
Imagine using PayPal for purchases in foreign countries and for many vague reason, your account is put on hold. This could take days of excruciating verbal volleys in emails and heated telephonic conversations without guarantee of an instant solution. Basically, it appears that PayPal is usually the one having control of your hard earned money, that will be absurd, to say the least.
On the contrary, with Cryptocurrency, account holders own all the coins they have purchased, it’s just like having profit your hands. Those coins may fluctuate in value, that will be normal, but at the least they are owned by individuals who possess them.
Cryptocurrency may be the approach to take, especially when security and stability have reached stake. The ease of investment and safe international transactions are some of the noted benefits. We must hope that most governments give it a proceed and make lives of its citizens a shade easier!